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S 816 115th Congress Senate

ABLE Financial Planning Act

Official title: A bill to amend the Internal Revenue Code of 1986 to allow rollovers from 529 programs to ABLE accounts.

Introduced: June 26, 2017 See on congress.gov
Taxation Bank accounts, deposits, capitalDisability and paralysisHigher educationIncome tax exclusionStudent aid and college costs
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 4, 2017
Read twice and referred to the Committee on Finance.
Apr 4, 2017
Introduced in Senate
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 Latest action April 4, 2017

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

ABLE Financial Planning Act

This bill amends the Internal Revenue Code to allow tax-free rollovers of amounts in qualified tuition programs (529 plans) to qualified ABLE programs. (Tax-favored ABLE [Achieving a Better Life Experience] accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses.)

 Related & companion bills 2
  • S 1 Related bill An original bill to provide for reconciliation pursuant to title II of the concurrent resolution on the budget for fisc…
  • HR 1897 Identical bill ABLE Financial Planning Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Klobuchar, Amy
Minnesota · Sep 5, 2017
 D
Merkley, Jeff
Oregon · Jun 26, 2017
 D
Van Hollen, Chris
Maryland · Apr 4, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 816: ABLE Financial Planning Act. 115th Congress. Open America. https://openamerica.io/bill/115-S-816/
MLA
"S. 816: ABLE Financial Planning Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-816/.
Bluebook (legal)
S. 816, 115th Cong. (2026), https://openamerica.io/bill/115-S-816/.
Markdown link
[S. 816: ABLE Financial Planning Act](https://openamerica.io/bill/115-S-816/)
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